New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 19, 2014
06:05 EDTRBYRubicon Minerals announces Phoenix Gold Project on schedule, on budget
Rubicon Minerals has substantially advanced the Phoenix Gold Project, with project construction and development remaining on budget and on schedule for projected production in mid-2015. Advance rates on both the lateral and vertical development have been tracking on schedule. Rubicon has completed 875 meters of a planned 8,023 meters of total underground development at and above the 685-metre level. The completion of this planned underground development is required to commence projected production. The company continues lateral development at the 122-, 183-, 244-, 305-, 610-, and 685-metre levels. The 244- and 305-metre levels were previously advanced to the deposit, prior to the completion of shaft sinking. An exploration drift on the 244-metre level is progressing well, with 13 drill stations completed of a planned 18 stations. There are two drills currently operating on the level. The development of the main ventilation pilot raise from the 305-metre level to surface will be completed by the end of June. At the present time, all underground development is being carried out by a contractor. Rubicon is in the process procuring equipment and hiring staff to replace the majority of the contractors engaged in lateral development, which could potentially lower costs and increase productivity.
News For RBY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 23, 2015
17:10 EDTRBYRoyal Gold provides streaming and royalty update
Royal Gold (RGLD) provided an operational update for its streaming and royalty interests at Mount Milligan, Phoenix and Voisey’s Bay. In Q2, the company’s wholly owned subsidiary, RGLD Gold AG, purchased approximately 21,400 ounces of gold from the Mount Milligan mine at a cash price of $435 per ounce as part of its purchase and sale agreement with Thompson Creek (TC) and sold approximately 23,000 ounces of gold related to Mount Milligan. Rubicon Minerals (RBY) announced its first gold pour at the Phoenix Gold Project of approximately 741 ounces. RGLD Gold will begin receiving deliveries in the current quarter related to initial commissioning activities and anticipates more substantial gold deliveries as the mine ramps up to design production. Rubicon will deliver 6.30% of the gold from the Phoenix mine until 135,000 ounces have been delivered, then 3.15% thereafter. RGLD Gold will pay 25% of the spot price at the time of delivery. Royal Gold also received the first quarterly royalty payment relating to processing Voisey’s Bay nickel concentrates at Vale’s new Long Harbour hydrometallurgical plant.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use